This is just looking back at an interesting set up that occurred in USDCAD earlier in the month. This is what I call the balance tipping to the sell side. Hope you find it as interesting as a did. Thanks for stopping in.
GOLD could reach at around 1780 where there are 1) Quasimodo level. 2) Reaction Line (Dashed Red) Resistance to complete either running flat or expanding flat pattern (a)(b)(c)(Red)..Price should be "capped" below 1789.42 "Theoretically" as wave v (Cyan/Light blue) can't be longer than wave iii (Cyan/Light Blue)...
It did not reach the high blue levels, but it may react to the yellow surface and fall off
Quasimodo Pattern sited! A great opportunity for buyers to get in at a good price. In this video, I walk you through the setup so that you learn to do it on your own. If you want more video like this, leave a LIKE, and SUBSCRIBE if you want to get the latest updates. I will be sending updates to this setup! This will probably play out Sun/Mon. Would be nice to...